RAINS TRUST UNIT

Operated by MAGNOLIA OIL & GAS OPERATING LLC (P-5 521544) in the GIDDINGS (AUSTIN CHALK-3) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 206255District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$13.0 M
Aug 2004 – May 2026
Value, last 12 filed months
$100 k
at the published price for each month
Months reported
262
no gaps in the span
Streams
2
condensate, gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 5,900 leases and 6,985 wells, and the rule below applies to all of them.

Discovered
1960-10-29
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2025-09-30.

The Commission's schedule remark for this field reads: DKT OG-25-00028011: UFT FIELD, ALLOCATION FORMULA SUSPENDED

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112005-08-02162093
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
CondensateDisposition25 bbl$1,557
GasProduction2,231,641 Mcf$12,957,598
Total$12,959,155

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 30.0543, -96.4283. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.05426, -96.42827 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
15,451 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 15,451 ft.

Completions filed
Aug 2004
1 of 1 wells

1 well

42-01530862215,451 ftAug 2004

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (262)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

262 months

May 20260993106.413.05$3,025
Apr 202601,16598.932.87$3,343
Mar 202601,46289.753.15$4,604
Feb 202602,25263.503.75$8,446
Jan 202602,82859.138.00$22,618
Dec 202502,84456.664.41$12,552
Nov 202501,99158.593.93$7,818
Oct 202501,99359.383.30$6,587
Sep 202502,12562.743.08$6,538
Aug 202503,36763.933.01$10,151
Jul 202502,29266.743.32$7,598
Jun 202502,08966.483.13$6,536
May 202502,06860.553.23$6,684
Apr 202501,84562.363.54$6,537
Mar 202502,56767.704.27$10,957
Feb 202522,69070.884.34$11,819
Jan 202513,95974.324.28$17,014
Dec 202401,87668.993.12$5,856
Nov 202401,73869.052.20$3,821
Oct 202401,95171.372.28$4,451
Sep 202402,13969.612.36$5,057
Aug 202403,17375.632.06$6,548
Jul 202403,21279.932.15$6,895
Jun 202403,01978.082.63$7,952
May 202401,98978.812.20$4,373
Apr 202401,96284.451.66$3,255
Mar 202402,03280.301.55$3,140
Feb 202402,32576.091.78$4,147
Jan 202402,27273.023.30$7,492
Dec 202302,30171.262.61$6,007
Nov 202302,27477.892.81$6,384
Oct 202303,30585.443.09$10,203
Sep 202303,59189.042.74$9,822
Aug 202303,32980.522.67$8,898
Jul 202313,65974.852.64$9,741
Jun 202323,57068.962.26$8,201
May 202303,90470.622.23$8,696
Apr 202304,15178.122.24$9,289
Mar 202324,58472.852.39$11,116
Feb 202303,70275.112.47$9,128
Jan 202305,85976.533.39$19,849
Dec 202204,14776.415.73$23,758
Nov 202202,71485.005.65$15,324
Oct 202205,18387.185.86$30,392
Sep 202204,24884.888.16$34,679
Aug 202203,46694.529.13$31,635
Jul 202203,932101.587.54$29,655
Jun 202215,071115.097.98$40,567
May 202203,773109.378.43$31,818
Apr 202202,656104.226.84$18,161
Mar 202204,001108.885.08$20,311
Feb 202203,64391.054.86$17,701
Jan 202203,80481.844.54$17,261
Dec 202103,85171.323.90$15,016
Nov 202103,57277.435.24$18,706
Oct 202103,80179.795.71$21,718
Sep 202103,22569.865.35$17,257
Aug 202103,38166.024.22$14,270
Jul 202103,37170.783.98$13,424
Jun 202102,74969.493.38$9,293
May 202103,03363.483.02$9,153
Apr 202102,79060.362.76$7,696
Mar 202105,77861.302.72$15,698
Feb 2021093757.805.55$5,198
Jan 202103,11850.412.81$8,762
Dec 202002,49544.642.68$6,675
Nov 202002,03338.772.71$5,502
Oct 202002,48836.972.48$6,166
Sep 202003,03237.091.99$6,037
Aug 202002,09039.982.39$4,985
Jul 202002,55938.371.83$4,670
Jun 202002,55734.901.69$4,322
May 202004,59816.921.81$8,344
Apr 202002,61314.751.80$4,715
Mar 202003,59730.341.86$6,677
Feb 202003,90349.881.98$7,731
Jan 202003,53857.252.09$7,411
Dec 201904,03159.012.30$9,289
Nov 201904,61755.302.75$12,700
Oct 201903,75453.472.42$9,079
Sep 201904,07555.052.66$10,828
Aug 201903,91053.112.30$9,010
Jul 201905,15556.272.46$12,682
Jun 201904,42652.782.49$11,026
May 201904,47158.482.74$12,252
Apr 201905,10962.632.75$14,053
Mar 201903,65156.803.06$11,180
Feb 201901,67850.852.79$4,685
Jan 201904,31046.033.23$13,913
Dec 201805,60046.594.19$23,438
Nov 201804,41752.934.24$18,716
Oct 201801,76661.443.40$6,001
Sep 201802,18759.543.11$6,797
Aug 201804,02959.403.07$12,355
Jul 201801,24365.142.93$3,644
Jun 201803,30460.183.08$10,166
May 201803,40265.382.90$9,869
Apr 201804,59863.842.90$13,338
Mar 201804,99461.222.79$13,917
Feb 201802,10761.782.77$5,828
Jan 201802,19262.874.01$8,788
Dec 201703,01957.272.92$8,820
Nov 201704,05655.423.12$12,648
Oct 201705,30249.292.98$15,819
Sep 201704,57247.523.09$14,115
Aug 201701,84545.373.00$5,543
Jul 201702,39343.873.09$7,388
Jun 201703,06542.493.09$9,463
May 201704,25045.373.26$13,869
Apr 201704,33247.933.21$13,913
Mar 201701,50946.772.98$4,502
Feb 201706,12550.452.95$18,085
Jan 201703,11349.413.42$10,643
Dec 201604,07248.763.72$15,159
Nov 201603,21742.492.64$8,507
Oct 201603,86446.193.09$11,941
Sep 201605,53441.553.10$17,159
Aug 201602,02341.442.92$5,916
Jul 201602,23041.622.92$6,521
Jun 201602,53145.352.69$6,798
May 201603,64742.521.99$7,261
Apr 201604,44036.561.99$8,840
Mar 201604,34833.011.79$7,800
Feb 201603,93126.472.06$8,112
Jan 201604,52027.352.36$10,687
Dec 201504,59932.362.00$9,204
Nov 201504,56238.792.17$9,887
Oct 201504,75643.552.43$11,541
Sep 201504,52542.992.76$12,482
Aug 201505,24240.162.87$15,058
Jul 201505,31248.152.95$15,644
Jun 201504,84556.152.88$13,967
May 201505,04555.212.96$14,910
Apr 201504,97749.822.71$13,471
Mar 201505,47242.892.93$16,059
Feb 201505,21144.662.98$15,509
Jan 201505,56043.433.10$17,240
Dec 201405,72554.693.59$20,561
Nov 201406,87070.464.25$29,210
Oct 201405,88078.303.90$22,938
Sep 201403,47786.164.05$14,066
Aug 201404,00489.394.04$16,157
Jul 201404,48496.564.18$18,741
Jun 201405,00398.164.74$23,699
May 201403,65194.734.73$17,257
Apr 201406,06595.944.81$29,167
Mar 201406,36795.895.06$32,197
Feb 201405,24797.406.19$32,489
Jan 201407,14590.404.86$34,730
Dec 201306,94691.824.35$30,246
Nov 201307,44288.853.74$27,820
Oct 201304,89797.423.78$18,508
Sep 201303,532104.113.72$13,131
Aug 201303,285104.253.52$11,572
Jul 201303,201102.523.72$11,900
Jun 201304,06394.403.93$15,981
May 201303,33594.834.15$13,837
Apr 201304,38893.964.28$18,792
Mar 201304,40993.623.91$17,252
Feb 201304,64291.233.42$15,875
Jan 201305,40291.603.42$18,474
Dec 201205,18186.773.42$17,720
Nov 201205,32086.953.62$19,285
Oct 201205,48489.383.40$18,644
Sep 201205,15794.672.92$15,050
Aug 201205,43592.662.91$15,806
Jul 201205,88685.133.02$17,780
Jun 201205,47379.822.52$13,787
May 201205,65791.612.49$14,076
Apr 201205,921101.652.00$11,823
Mar 201206,056105.052.22$13,457
Feb 201204,942101.102.57$12,702
Jan 201205,53598.092.73$15,133
Dec 201106,28496.873.24$20,359
Nov 201106,23095.723.31$20,629
Oct 201106,29184.983.65$22,953
Sep 201106,13683.623.99$24,457
Aug 201107,08083.404.15$29,377
Jul 201107,45794.144.52$33,685
Jun 201104,49692.904.64$20,861
May 201105,68198.134.40$25,024
Apr 201106,446105.964.33$27,932
Mar 201106,51396.364.06$26,425
Feb 201106,33385.644.18$26,472
Jan 201107,37286.504.59$33,828
Dec 201008,42085.734.35$36,608
Nov 201009,50580.843.80$36,075
Oct 201009,26978.103.51$32,524
Sep 201009,18672.633.98$36,555
Aug 2010010,10073.684.42$44,636
Jul 2010010,13472.554.74$48,000
Jun 201008,29470.364.91$40,727
May 201005,08871.124.24$21,549
Apr 201006,45981.694.12$26,628
Mar 201006,89478.394.39$30,255
Feb 201006,36473.585.44$34,635
Jan 201007,89374.365.96$47,075
Dec 200907,92771.445.48$43,470
Nov 200907,53674.593.75$28,271
Oct 200908,16872.544.11$33,573
Sep 200907,50665.543.06$23,004
Aug 200908,14767.423.22$26,221
Jul 200909,49761.133.46$32,902
Jun 200906,39866.163.90$24,920
May 200906,60654.743.93$25,934
Apr 200909,39046.773.59$33,687
Mar 200908,12842.144.06$32,992
Feb 200907,41632.814.63$34,358
Jan 2009010,36535.865.37$55,670
Dec 200807,62937.105.98$45,600
Nov 200805,97455.496.86$40,984
Oct 200807,41575.246.92$51,326
Sep 200808,044101.767.88$63,363
Aug 200809,888114.228.48$83,880
Jul 2008010,451131.0811.39$119,031
Jun 2008011,214131.3313.03$146,148
May 200807,739123.1711.57$89,573
Apr 2008011,577110.3110.45$121,036
Mar 200809,855101.909.66$95,239
Feb 200807,64092.538.77$67,007
Jan 200809,73190.388.21$79,850
Dec 2007011,26088.337.30$82,220
Nov 200709,01391.677.29$65,720
Oct 2007010,52682.856.92$72,861
Sep 2007013,31375.846.24$83,129
Aug 200708,86269.066.39$56,610
Jul 200708,80070.906.39$56,214
Jun 2007010,23962.007.55$77,289
May 2007012,42558.747.85$97,490
Apr 2007012,10559.617.81$94,482
Mar 2007013,08856.927.30$95,568
Feb 2007013,10955.108.22$107,704
Jan 2007012,59550.306.73$84,725
Dec 2006012,32056.656.92$85,235
Nov 2006014,46354.207.62$110,172
Oct 2006013,61954.906.01$81,902
Sep 2006014,45160.085.04$72,793
Aug 2006016,53168.717.34$121,336
Jul 2006017,34869.376.34$110,034
Jun 2006018,85266.286.38$120,349
May 2006115,52066.016.42$99,782
Apr 2006016,95964.397.36$124,826
Mar 2006221,59156.707.08$153,041
Feb 2006013,97057.597.75$108,283
Jan 2006012,50960.598.93$111,747
Dec 2005117,04154.9413.42$228,667
Nov 2005122,77354.6910.59$241,184
Oct 2005029,44458.3413.80$406,202
Sep 2005130,99861.4512.08$374,486
Aug 2005135,08061.519.80$343,735
Jul 2005236,57455.697.84$286,985
Jun 2005240,97252.337.38$302,521
May 2005245,93145.226.65$305,585
Apr 2005249,60249.207.36$365,193
Mar 2005133,36850.377.15$238,794
Feb 2005038,07645.226.31$240,333
Jan 2005048,76243.166.32$308,283
Dec 2004059,63339.866.75$402,587
Nov 2004069,13545.286.33$437,654
Oct 2004093,51549.706.52$609,260
Sep 20040142,67743.245.28$753,891
Aug 2004081,65542.375.55$453,239

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                  993 Mcf  × $  3.05 =     $3,025

────────────────────────────────────────────────────
Month total                                   $3,025

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 03/G/206255 is the state's own key, not one this site invented.